Microeconomics 7
The Cost of Production
The Cost of Production
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| Cartes-fiches | 31 |
|---|---|
| Langue | English |
| Catégorie | Economie politique |
| Niveau | Université |
| Crée / Actualisé | 17.11.2012 / 13.03.2015 |
| Attribution de licence | Pas de droit d'auteur (CC0) |
| Lien de web |
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accounting cost
Actual expenses plus depreciation charges for capital equipment.
economic cost
Cost to a firm of utilizing economic resources in production, including opportunity cost.
opportunity cost
Cost associated with opportunities that are forgone when a firm’s resources are not put to their best alternative use.
sunk cost
Expenditure that has been made and cannot be recovered.
